Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.507

+0.4%

Jan 6 3:59 PM EST

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To: lebo who wrote (9350)	11/3/1998 2:25:00 PM
From: Steve Fancy	of 22640

Local equities up on optimism over Welfare reform voting Local bourses started the first week of November keeping a close eye on the developments of the second-round voting of the Welfare reform in Congress scheduled for tomorrow. Investors expect the voting to be the first vital test of Brazil's Fiscal Stabilization Program, known as (PEF). In the mean time, government officials keep on negotiating the rescue package with the International Monetary Fund (IMF) in Washington. In face of this scenario, participants expect the market should trade positively during the day as they carry on believing the government is doing the right thing to approve its program in Congress. (By Paulo Monteiro)

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